DeansTalk - business management education

"The two most underrated leadership skills" - Prof. Deborah Ancona (MIT Sloan) video interview by Prof. Karl Moore (McGill)

Making sense of the environment in which a company is operating and creating structures and processes to move the organization ahead are key to leading

Deborah Ancona is the Seley Distinguished Professor of Management, a Professor of Organization Studies, and the Director of the MIT Leadership Center at the MIT Sloan School of Management. 

Her pioneering research into how successful teams operate has highlighted the critical importance of managing outside, as well as inside, the team’s boundary...

The Globe and Mail, June 6, 2013

Prof. Karl Moore's (McGill) Full Interview with Prof. David Teece (Haas) (11mins)

Professor David Teece (Wikipedia)

Professor Karl Moore ( Wikipedia) (Previously mentioned on DeansTalk May 3, 2013)

Published on Apr 15, 2013 in YouTube.
Karl Moore's Full Interview with David Teece, originally filmed in August 2012.

Professor Ioannis Ioannou(LBS) and Heather Hancock(Deloitte) - interview on Social Innovation

March 15, 2013. Ioannis Ioannou (@iioannoulbs), Assistant Professor of Strategy and Entrepreneurship at London Business School and Heather Hancock, Managing Partner, Innovation Talent and Brand at Deloitte discuss corporate social innovation and how large organisations can use their skills, expertise and synergies to help solve major environmental and social challenges.

"The Smell of the Place" - video at the WEF of the late Prof. Sumantra Ghoshal

The Story of the IE Harlem Shake(s)

The Story of the IE Harlem Shake(s),  February 25, 2013

Have you ever wondered what around 92 different nationalities can come up with when confronted with a new YouTube Phenomenon? Check out the links below to experience a typical Friday afternoon with a small segment of IE’s diverse student body at Area 31; a unique way of balancing work and play.

skills.oecd.org/useskills

Skills.oecd.org/useskills

Video on youth unemployment and skills mismatch

10 TED Talks Perfect For the eLearning Industry

elearningindustry.com/10-ted-talks-perfect-for-the-elearning-industry

Tech@Tuck › "Getting To Know You: Big Brands & Big Data": Tucktoids("Big Data on Tuck") and video of discussion

Tuck's Center for Digital Strategies - Tech@Tuck • Tuck School of Business February 7, 2013

Experts from a range of companies explored how big data will change a trip to the mall, online shopping or a vacation to Las Vegas. The discussion covered the kinds of information that companies can and will use to better serve and understand their customers. This exploration also sought insights into what is already changing and what will change as big data allows enterprises to dig deeper into consumer preferences. Companies, of course, want to better target would-be patrons without eroding consumers’ sense of privacy.

Professor Michael Porter, on 8 priorities for U.S. Competitiveness (ReutersTV)

@robertwolf32,  @MichaelEPorter,   "Impact Players" on ReutersTV, 23 Jan 2013

weforum.org panel video - "Leading through Adversity" (with Innovation)

www.weforum.org/sessions/summary/leading-through-adversity

(Related article TIME on Clayton Christensen: Q&A: Why U.S. Companies Fail to Innovate) Are leaders too risk-averse in efforts to bring the economy back on track?

This session was developed in partnership with Time magazine and broadcast on CNN Money.

Key Points

• Leadership is all about overcoming the fear of innovating and the fear of failure – and going for it.
• More focus is needed on empowering or disruptive innovations that drive growth and create jobs.
• Certain countries and leaders understand the value of creating platforms for innovation and shaping environments that attract companies and investors. This is stimulating others to follow.
• A key ingredient for innovation is talent and the capacity to recognize the need for skills that were not required or valued before.

weforum.org - An Insight, An Idea with Dean Roger Martin (Rotman bschool) - 24 Jan 2013 + 4 WEF live streams

www.weforum.org/videos/insight-idea-roger-martin

A conversation with award-winning author and dean of the Rotman School of Management at the University of Toronto Roger Martin on his breakthrough idea to dramatically change the way modern capitalism is regulated

Santiago Iñiguez video interview by BusinessDegreeOnline: insights into business education

www.businessdegreeonline.com/programs/mba-degrees

Advice from the Experts We recently interviewed Dr. Santiago Iñiguez, Dean of IE Business School and author of "The Learning Curve" (thelearningcurvebook.com/), to share his insight into business education.

Professor Anne-Marie Slaughter video: "How Twitter Builds New Foreign Policy Communities"

@SlaughterAM

www.princeton.edu/~slaughtr/

Jerry Rice Talks About "the Hill"

How to design breakthrough inventions - IDEO founder David Kelley on Charlie Rose

January 6, 2013, CBS

Global firm IDEO incorporates human behavior into product design -- an innovative approach being taught at Stanford. Charlie Rose profiles the company's founder, David Kelley and "Design Thinking".

Professor Brian Uzzi, PhD (Kellog bschool)- "Teaming Up to Drive Scientific Discovery"

The Complex World of Fertility Webcast, TEDxNorthwesternU

"Teams dominate"

Published on 12 Jul 2012

What does the world's largest repository (Thomson Web of Science) of more than 26 million scientific papers tell us about trends in the production of scientific knowledge? There appears to be a nearly universal end to the era of the solo scientist and a rise in the supremacy of teams. The advantage of teams is growing and frontier of knowledge is reached through the invisible but complex networks through which scientists assemble teams.

Brian Uzzi, PhD is the Richard L. Thomas Distinguished chair in leadership at the Kellogg School of Management, Northwestern University.

Professor Uzzi speaks on the topics of leadership with a focus creating and developing networks that enhance executive creativity, R&D innovation, and the implementation of new products and ideas...

IE Dean Javier Quintana (Architecture) draws a comparison between the Metropolitan Tower in New York and the Campanile in Piazza San Marco, Venice.

"Life in Venice", December 17, 2012 by Felix Valdivieso in The other side of ie Professors

Back in October when I first spoke about shooting this video of the Dean of IE University’s School of Architecture, Javier Quintana, he said he would like to compare the architecture of Venice with the architecture of New York, more specifically the Campanile in Piazza San Marco and the Metropolitan Tower. Coincidentally enough I had to travel to New York at the end of that month and had the opportunity to film some of the places he wanted to talk about. Then, in November, I joined him on a business trip to Venice. I had a great time, partly because there aren’t many cities that can beat Venice on a sunny day, or any other day for that matter, and partly because he spoke with such passion and knowledge about the two cities that I gained a new perspective of every corner, every square, and every tower.

Unfortunately, I couldn’t fit all the interesting things he said into this video, and he didn’t only talk about architecture, but also about music, cinema, and life in general. So there I had no room left to say anything about either the amazing Schubert or the fabulous Death in Venice (both the film and the book). I decided to focus more on the life side of things. You’ll be interested to know that Dean Quintana is really good company when it comes to looking round shops.

As you might have imagined already, there was only one way this could end and that is with some excellent Bellini cocktails at Harry’s Bar.

P.S.: Don´t miss Martin Rico´s (1833-1908) Venice paintings at Prado Museum. Only till February 2013.

Former Colombian President Alvaro Uribe Speaks at Yale SOM - Video

December 3, 2012

Former Colombian President Álvaro Uribe made his first visit to Yale University on November 7 when he spoke at an event sponsored by Yale SOM's Latino Leadership Association student club.

Uribe, who served as president of Colombia from 2002 to 2010, discussed his administration's efforts to deal with the country's challenging social and economic issues, including poverty, chronic political tensions, and domestic terrorism. He also described his efforts to encourage cooperation between the public and private sectors. Uribe said that his presidential policies promoted social cohesion, security, and the encouragement of private investment that would lead to a more prosperous and stable economy...

Clay Shirky at Educause 2012 Annual conference + 14 other of the free public webcasts

Public Webcasts: 15 sessions available and open

8:00–9:30 a.m. IT as a Core Academic Competence
Speaker: Clay Shirky
Sponsored by Pearson, Platinum Partner

Dean Hubbard Visits the Columbia Business Lab

From Columbia Business School Videos

Dean Paul Danos, alumni and students - video on the US and Tuck

Council on Business & Society - Perspectives - USA: Environment and Innovation

Sir Ronald Cohen - "Challenges and opportunities in social investing"

Sir Ronald Cohen previously on DeansTalk: Mar 2, 2009,  Aug 2, 2011,  Dec 1, 2011

voices.mckinseyonsociety.com/challenges-and-opportunities-in-social-investing/ 

Video uploaded on Oct 19, 2012. Sir Ronald Cohen, chairman of Big Society Capital, speaks with McKinsey's Ian Davis about the opportunities and challenges of financing social investments and the parallels he sees between these activities and the rise of the venture-capital industry.

 

Q. Should private investors be paid a financial return for backing policies that promote good social policy?

•  Agree
•  Disagree

A cofounder and former chairman of Apax Partners, Sir Ronald Cohen pioneered the British venture-capital industry. Over the past decade, he has also stood at the vanguard of social investing. When Britain established its first social-investment bank, Big Society Capital, in 2011, Sir Ronald was named its chairman. In a conversation with Ian Davis, McKinsey’s former managing director and a board member of the bank, he describes the opportunities and challenges of financing social investments and the parallels he sees between these activities and the rise of the venture-capital industry.

Click here to learn more about Big Society Capital: www.bigsocietycapital.com/

Dean Arnoud De Meyer (SMU) interviewed by Dean Santiago Iniguez, Higher Education in Asia: Latest Trends

YouTube video, November 6, 2012

Santiago Iñiguez, President of IE University, interviews Arnoud De Meyer, President of Singapore Management University, about the success of Asian Universities in the Global Higher Education Market and the key factors that have helped Singapore to become an international education hub. 

The interview took place at the IE Madrid Campus during the Reinventing Higher Education Conference organized by IE University, where experts gathered from international institutions like Oxford University, Brown University, the World Economic Forum, Wikipedia, Alexandria Trust and the British Council to discuss the environment surrounding universities nowadays. This includes things like the demand in a globalized world, the strength of emerging markets like Asia or the Middle East, and innovation in teaching methods.

Dean Jim Ellis, Marshall school, at the University of Southern California, speaks with the FT, video

@DeanJimEllis

"Life in the academic lanes", October 26, 2012, By Della Bradshaw of The Financial Times

As James Ellis – or Jim as he prefers to be known – leans back in his chair in the Financial Times offices in London and explains the benefits of online learning, it is clear he is not the usual bookish business school dean. “It (online learning) will allow a student in Fargo, Dakota to talk to one in Aberdeen, Scotland,” explains the top dog at the Marshall school at the University of Southern California. What is more, he adds, he has played golf in both locations – in Aberdeen, he emphasises, in the rain.

It is easy to conjure up a picture of the 65-year old former retail executive on the golf course, but this shrewd businessman has also proved his worth as a business-school dean, a job he has held for the past six years and for which he clearly still has tremendous enthusiasm. “I can’t tell you how much fun it is,” he says.

Dean John Quelch CEIBS (China) on the future of China’s economy and relationship with the U.S.

Aug 7, 2012, Dean John Quelch on the future of China’s economy and relationship with the U.S.

Dean Santiago Iñiguez summarises on video the recent IE conference "New Trends in Higher Education" #Edupreneurship

Video from El País article, October 26, 2012 (Castellano)

Video in English with Spanish subtitles/Video en inglés con subtítulos.

Santiago Iñiguez, President of IE University and Dean of IE Business School, analyzes the challenges and new trends facing Higher Education, as well as the importance of "Edupreneurship". These trends and ways of differentiation were analyzed at IE this week during the "Reinventing Higher Education" conference, which gathered presidents and rectors of universities from every continent.

Santiago Iñiguez, presidente de IE University y decano de IE Business School, analiza los retos y las nuevas tendencias de la Educación Superior y la importancia de "Edupreneurship". Estos temas y las nuevas vías de diferenciación en el sector educativo fueron analizados esta semana en IE en la jornada "Reinventing Higher Education" que reunió a presidentes y rectores de universidades de varios continentes.

Des Dearlove (Thinkers 50) Interviews Fons Trompenaars

@thinkers50

Fons Trompenaars

2011 Ranking: #42 Shortlisted: 2011 Thinkers50 Global Village Award

Fons Trompenaars is one of the world's leading experts on cross-cultural communication and international management. Together with long-time collaborator Charles Hampden-Turner, Trompenaars developed a model of national cultures based on seven dimensions: universalism vs. particularism; individualism vs. collectivism; neutral vs. emotional; specific vs. diffuse; achievement vs. ascription; sequential vs. synchronic; and internal vs. external control.

The model, developed after extensive research across over 60 cultures and 100.000 managers, helps explain how people in different national cultures interact with each other in general and in business.

Trompenaars is the author of the award winning Riding the Waves of Culture, Understanding Cultural Diversity in Business (1994). With Charles Hampden-Turner, he also wrote Seven Cultures of Capitalism; Building Cross-Cultural Competence; and 21 Leaders for the 21st Century.

In 2009, Trompenaars published Innovating in a Global Crisis: Riding the Whirlwind of Recession, a different take on creativity and innovation, also written with Hampden-Turner. The book looks at how innovation is central to sustained growth.

www.thinkers50.com/video/97

Lord Anthony Giddens on "The Politics of Climate Change" (Book Oct.2011)

Amazon: "The Politics of Climate Change", (October 2011) "A landmark study in the struggle to contain climate change, the greatest challenge of our era. I urge everyone to read it." Bill Clinton, 42nd President of the United States of America

Anthony Giddens (Wikipedia), ...considered to be one of the most prominent modern sociologists,...In 2007, Giddens was listed as the fifth most-referenced author of books in the humanities

Giddens served as Director of the London School of Economics 1997–2003, where he is now Emeritus Professor

Giddens at 2008 Skoll World Forum: ...known for his theory of structuration and his holistic view of modern societies.

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YouTube, Feb 2010 (www.theclimategroup.org): In The Politics of Climate Change, Lord Giddens argues that we do not have a systematic politics of climate change. Politics as usual won't allow us to deal with the climate change problems we face, while the recipes of the main challenger to orthodox politics, the green movement, are flawed at source. In this book, Lord Giddens introduces a range of new concepts and proposals to fill in the gap, and examines in depth the connections between climate change and energy security.

Startling Start-Up Stats - HBS Prof Shikhar Ghosh explains the finding of an ongoing study that shows 3 out of 4 tech start-ups fail

video.cnbc.com/gallery/?video=3000117724

M. Jean-Claude Trichet (who spoke today at IE Alumni forum) on CNBC: "ECB Program Vital for EU & World"

IE Alumni forum

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September 14, CNBC interview in Madrid: "Trichet: ECB Program Vital for EU & World"

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CNBC September 14, 2012, "Euro Zone Epicenter of ‘Worst Crisis Since WWII’: Trichet"

The euro zone’s debt crisis is just the center of an “adjustment” which is affecting all advanced economies, former European Central Bank (ECB) President Jean-Claude Trichet told CNBC.

Getty Images
Jean-Claude Trichet

“The Europeans have a special responsibility because we are the epicenter of the worst crisis since World War II. And that, of course, calls for highly responsible decisions,” he said.

All the advanced economies are undergoing their first major adjustment since the Second World War, according to Trichet.

“When you look with historical credit at what has happened since 2007, it was the start of the adjustment of the advanced economy. We have to understand-- it's our turn. We cannot ask the rest of the world to finance us eternally if we spend more than we earn. As simple as that,” he said.

“We paid quite a high price for a dominant vision, which was too much benign neglect before the start of the crisis.”...

Startup Asia, Jakarta 2012: All 16 Startup Pitches, (Videos)

June 7-8, 2012, Startupasia.techinasia.com/jk2012/

Startup Asia, Jakarta 2012: All 16 Startup Pitches, (Videos)

Dean James Dean (UNC, Kenan-Flagler): "Incorporating Online Learning into Management Education"

"Online; Distance; Hybrid; MOOC – What do They All Mean?", AACSB "Data and Research" blog, 31 July, 2012.

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AACSB video interview (42 mins), 24 July 2012

James Dean, dean and Sarah Graham Kenan distinguished scholar and professor of organizational behavior at the University of North Carolina Kenan-Flagler Business School will discuss the incorporation of online learning into management education.

"How to Enchant Your Boss" - Guy Kawasaki

www.guykawasaki.com/enchantment/audio-video/ This is the full, one-hour version (plus slides) of Guy’s Enchantment speech at Stanford

bigthink.com, April 10, 2012

Guy Kawasaki: The most powerful, single way to enchant someone you're working for may seem painful, but I have to explain it to you. The answer to that question is, when your boss asks you to do something, no matter how busy you are, no matter what else you're doing, no matter how important you think what you're doing is to the organization or yourself, no matter how suboptimal you may think it is to be interrupted, you should drop everything and do what your boss asks. If you simply do that, you will be an enchanting employee. Sounds painful, may be irritating, but that's the key to enchanting your boss.

Meet the Dean of Johnson at Cornell University

YouTube Soumitra Dutta will become the eleventh dean of the Samuel Curtis Johnson Graduate School of Management effective July 1, 2012. Dutta joins Johnson from INSEAD in Fontainebleau, France and will succeed Joseph Thomas, who is stepping down after a five-year term as dean.

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Johnson's Dean on How Technology Leads to Innovation ... discusses how he sees technology spurring innovation in education and the business world

IE Business School's New Space in the centre of Madrid (video)

YouTube July 18

Take a look at IE Business School's New Space in the center of Madrid. Opening late August 2012!

Aung San Suu Kyi at the London School of Economics - "Rule of Law" round-table discussion

Democratic Voice of Burma: Aung San Suu Kyi discusses the rule of law with experts at the London School of Economics on 19 June 2012, @DemocVoiceBurma

On YouTube, with 54 comments

 

Pearson CEO Marjorie Scardino interviews Steven Johnson, video.

Learning Live: Steven Johnson

On Monday 9th May at 2pm EDT (7pm BST), Marjorie interviewed Steven Johnson, Penguin author of Where good ideas come from, Everything bad is good for you and Emergence. To find out more about Steven, click here.

2012 IB World Student Conference held at IE University in Segovia - How today's youth will make a difference!

YouTube July 9 2012

During the 2012 IB World Student Conference held at IE University in Segovia, we asked students what they think are the main challenges that are facing their generation and how they want to make a change. 

Professor Paul Krugman, Princeton, Book "End This Depression Now!", 7pm live streaming from Madrid, Fundación Rafael del Pino

Fundación Rafael del Pino, 3 July 2012.

Wikipedia - Paul Krugman

Amazon, "End This Depression Now!"

www.frdelpino.es/video/en-directo/

Streaming Live by Ustream

Video of Brussels' panel on the importance for EU of Management, Santiago Iñiguez, Alexander von Gabain, Adrian Wooldridge

Management Skills for Growth: EFMD EU Affairs Call to Action

Adrian Wooldridge (Management Editor, The Economist), Alexander von Gabain (Chair of the European Institute for Innovation and Technology - EIT  and Santiago Iniguez (President of IE Business School and President of IE University) gave opening statements at the EFMD April Roundtable: Management Skills for Growth. A full report on the roundtable is available here and video highlights are below. Readers are also invited to comment on the EFMD Call To Action “Management Capacity: The Missing Link to set up value creation and innovation in Europe” by mid June 2012.

Three key suggestions concluded from this roundtable are:

• Re-inventing the EU innovation model: The current European innovation strategy design tends to be based on a stable evolutionary model. This approach needs to be changed. The idea of supporting the creation of high-growth companies in Europe is highlighted as an important element. It is also suggested to re-prioritise policy objectives, to avoid trying to achieve everything at the sametime. Too many equivalent priorities lead to no priorities.
  
  
• Developing skills for future leaders: There is a call to develop humanistic managers who are not only expert in management techniques, but also have the capacity to understand and deal with cross-disciplinary and inter-cultural issues.
  
  
• Entrepreneurship: The possibility to exploit knowledge and capital from all entrepreneurs needs to be further addressed. Entrepreneurial mid-sets are required in all types of organisations, small and large, pubic and private.

The Call to Action addresses key issues such as the inclusions of management education in scientific and engineering studies, supporting entrepreneurial mind-sets and values from school-level onwards, and providing community research funding for important fields such as design thinking, open innovation and organisational sociology. This paper is to be used as the essential basis for EFMD EU Affairs’ interactions with the EU policy makers as well as relevant consultation and networking activities in the coming future. You are invited to comment on the EFMD Call to Action, please send your comments and feedback to: jocelyne.wang@efmd.org

Martine Plompen, Associate Director, Research & Surveys Unit, EFMD
Jocelyne Wang, Manager, EU Affairs Unit, EFMD

UK Start-up loans scheme to help young people launched

BBC News, May 28, 2012.

An £82m loan scheme for young people wanting to create a business has been launched by David Cameron.

People aged between 18 and 24 can apply for funds, expected to typically be about £2,500.

Mr Cameron said he hoped the initiative could lead to 30,000 more start-ups and give a boost to economic growth.

The loans must be repaid within five years, and interest will be charged at the level of the Retail Prices Index plus 3%...

www.startupbritain.org/loans, On 28 May 2012, StartUp Britain worked with the Department for Business to put on an event to launch StartUp Loans!...

"What is out there?" Social Impact Finance video contest - SCIEF Center, with IE & King AbdulAziz University

www.scief.es/competition/

What is out there?’ is a call for participants from all over the world to submit a video and participate in a competition on how to finance entrepreneurs through non-conventional ways.

Tell us about it and win a: FREE trip to Madrid and €2000

SCIEF Center, with the collaboration of IE Business School and King AbdulAziz University, invite you to share your innovative ideas that could shape how the world finance systems emerge. All you have to do is make a short video (3 mins max) that showcases examples of social impact finance from your community and around the world. We ask you to be creative; use videos, photos, drawings, or whichever visual medium you like in order to transmit your ideas.

Future M.B.A.s See Real (But Unpaid) Work - WSJ video

Wall Street Journal video 5/3/2012, (2mins 43)

For decades, companies have relied on business-school students to be unpaid consultants, but now some companies are going a step farther, placing entire brands in the hands of students. Melissa Korn has details on The News Hub. Photo: Getty Images.

Tuck 1st place in the GBSN 2012 contest! with "$300 house"

www.gbsnonline.org

"The Future of Globalisation" - Professor Ian Goldin (Economist), UCL's Global Development Initatives & Economics & Finance Society

Webcasts: including "The Future of Globalisation" February 2012, Oxford Martin School, University of Oxford

Open source medicine puts health above profits + Video: Jay Bradner(Harvard): Open-source cancer research

PC advisor, 23 April 2012

Open source is powering a revolution in medicine and health care in multiple ways. Open source software and methods make large-scale collaborative research projects feasible, multiplying the brainpower applied to a project, expanding the data pool, and creating transparency and accountability. This is a huge win for the advancement of new treatments and cures, and cutting the costs of research. Open source practice and records software cut the costs of running medical practices, and puts practitioners in charge instead of software vendors...

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381,208 Views, TedxBoston May 2011, published Oct 2011.

Tuck Brings Online Learning Into the MBA Classroom - Dean Paul Danos

Businessweek, May 4, 2012

Dartmouth College’s Tuck School of Business is transforming the way it teaches many of its MBA core classes, delivering portions of them online via video lectures, and using online quizzes and discussion boards. About a dozen Tuck professors are participating in the effort, using videos to teach introductory material in classes such as Managerial Economics, Statistics for Managers, Corporate Finance, and Operations Management, the school said...

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Tuck Dean Paul Danos, who spearheaded the pilot program this school year, says he got the idea after doing an online tutorial with his granddaughter on Khan Academy, the nonprofit education website that offers thousands of free YouTube-based lessons.

“I was doing the lesson with her and I thought, Why can’t we do something similar to the Khan Academy?” says Danos. “I told professors anything you can put up on a whiteboard should be put up in advance so you can have more time in the classroom for conversation and face-to-face interaction.”...

...The videos have proved to be a success so far; in a survey of 134 first-year MBA students who took Kopalle’s class this fall, about 80 percent of students said they found the videos to be a useful part of their overall class experience and liked the technology, while 72 percent said it improved the way they learned the material...

De Guindos Says Spain Not Pressured on Banks - video interview on Bloomberg

April 27 (Bloomberg) -- Spanish Economy Minister Luis de Guindos discusses the European sovereign-debt crisis, Spanish banks and the outlook for the economy (ex-IE Business School centre director). He spoke yesterday in Madrid with Bloomberg's John Fraher. (Source: Bloomberg)

Haas(Berkeley) Prof. Laura Tyson on Global Economic Recovery - Project Syndicate Video

Laura Tyson, former Chair of the US President's Council of Economic Advisers, on post-crisis recovery and the role of the US, China, and the Eurozone periphery. More from Laura Tyson here: http://www.project-syndicate.org/contributor/laura-tyson, 19 April, 2012

Dean Thomas Robertson, Wharton Business School, "Esoteric research applied" - FT video interview

Video Esoteric research applied

Apr 20 2012  Business schools are often accused of being far removed from reality. Thomas Robertson, dean of Wharton Business School, tells business education editor Della Bradshaw that esoteric research can have practical uses.  (4m 54secs)